Trade liberalization has resulted inter alia in noticeable
improvements in customs procedures, the considerable reduction of tariff
protection and the widening of the scope of tariff bindings, giving more
predictability to the trade regime. Despite these improvements, a
complex tariff structure remains in place in some sectors. In addition,
the protection of Intellectual Property Rights has been strengthened.
The report also notes that Pakistan still lags behind in export
diversification still depending heavily on textiles and clothing, which
account for two thirds of the total exports. This sector now faces
stronger competition in major markets. Also, State involvement in
certain activities like engineering and key services persists.
Continued trade liberalization and other productivity-boosting
structural reforms to address bottlenecks, excessive regulatory controls
and labour market rigidities would help improve Pakistan’s international
competitiveness and the prospects for sustainable economic growth,
according to the report.
The WTO report, along with a policy
statement by the Government, will be the basis for the Trade Policy
Review (TPR) by the Trade Policy Review Body of the WTO.
following documents are available in MS Word format.
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Trade Policy Reviews are an exercise, mandated in the WTO agreements,
in which member countries’ trade and related policies are examined and
evaluated at regular intervals. Significant developments that may have
an impact on the global trading system are also monitored. For each
review, two documents are prepared: a policy statement by the
government of the member under review, and a detailed report written
independently by the WTO Secretariat. These two documents are then
discussed by the WTO’s full membership in the Trade Policy Review Body
(TPRB). These documents and the proceedings of the TPRB’s meetings are
published shortly afterwards.
copies of previous TPR publications are available for sale from the
WTO Secretariat, Centre William Rappard, 154 rue de Lausanne, 1211
Genève 21 and through the
TPR publications are also available from our co-publisher Bernan Press, 4611-F Assembly Drive, Lanham, MD 20706-4391, United States.
Schedule of forthcoming reviews
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Ghana: 28 and 30 of January
Mexico: 11 and 13 of February 2008
Brunei Darussalam: 25 and 27 of February 2008
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